11-Unit Multifamily
For Sale
$420,000
12955 Woodforest Boulevard 53, Houston, TX 77015
Multifamily portfolio featuring recent renovations and included appliances.
Property Size3,356 SF
Price / SF$125.15
Days on Market416
Property Features for 12955 Woodforest Boulevard 53
General Information
Standard status
Active
Size
3,356 SF
Property subtype
Income
Net Operating Income
$34,046
Site & Location
Neighborhood
Northshore
Additional Details
Multifamily Units
11
Taxes and HOA fees
Annual Taxes
$6,814
Amenities
air conditioning
stainless steel appliances
patio/balcony
ceiling fans
Carpet,Laminate,Tile
Yes
2
Common Area
Appraiser
Granite Counters,Ceiling Fan(s),Programmable Thermostat
Other
120103
One
Carport
3356
Building Details
Building Size
3,356 SF
Year Built
1980
Stories
1
Listing Agency:
Katarzyna Myhan, Broker
(713) 461-6800
Listed By:
Karen Parker
(281) 610-4866
Source:
Garygreene
Added: Sep 6, 2025
Changed: Oct 25
Last Checked: Oct 24 at 3:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Katarzyna Myhan, Broker
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Investment Insights
Based on property information with market context.
This multifamily offering includes 11 units at 12955 Woodforest Blvd in Houston. Ten units received full renovations less than 2 years ago, including updated air conditioning, flooring, kitchens with granite countertops, stainless steel appliances, full bathrooms, ceiling fans, lighting, window blinds, and new sliding doors serving patios or balconies. Appliances are included with the property.
The offering is structured as a portfolio of units rather than the sale of one building or an entire complex. The property is located in Houston, TX 77015.
The offering is structured as a portfolio of units rather than the sale of one building or an entire complex. The property is located in Houston, TX 77015.
Key Highlights
- 11‑unit multifamily portfolio at 12955 Woodforest Blvd, Houston, TX 77015
- 10 units fully renovated less than 2 years ago
- Renovated units include updated A/C, flooring, kitchens, bathrooms, lighting, and blinds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,021
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,420
$760.4K
Cap Rate 7%
$543,157
$543.2K
Cap Rate 9%
$422,456
$422.5K
Market Conditions
NOI Build-Up for 3,356 SF
Gross rent
$73.7K $21.96/SF
− Vacancy
−$4.6K −$1.36/SF
EGI
$69.1K $20.60/SF
− OpEx
−$31.1K −$9.27/SF
NOI
$38.0K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,420
Cap Rate 7%
$543,157
Cap Rate 9%
$422,456
Alternative Uses
Best Use
Apartment 5plus
$543.2K
$475.3K – $633.7K
NOI $38,021 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$863.0K
$755.1K – $1.01M
NOI $60,408 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Explore this area
Business Placement
Demographics for 77015, TX
57,106
Population
19,961
Households
2.9
Avg Household Size
31
Median Age
11%
College-Educated
70%
High-School Grad
20.7 sq mi
ZIP Area
2,759
Density / Sq Mi
$57,324
Median Household Income
$34,477
Median Earnings
$1,169
Median Rent
$164,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily portfolio featuring recent renovations and included appliances.
Where is this multifamily property located?
The property is located at 12955 Woodforest Boulevard 53 Houston, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 11‑unit multifamily portfolio at 12955 Woodforest Blvd, Houston, TX 77015; 10 units fully renovated less than 2 years ago; Renovated units include updated A/C, flooring, kitchens, bathrooms, lighting, and blinds
